31230. In this article, 'distribution to its shareholders' has the meaning set forth in Corporations Code Section 166.(Added by Stats. 1977, Ch. 1164.)
California Legal Code
§ 31230
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=15.&title=&part=&chapter=4.&article=4.· Version 2026